Pune-based jewellery chain P.N. Gadgil to file papers for $75m IPO

Photo by Anne Edgar on Unsplash

Pune-based jewellery chain P.N. Gadgil & Sons Ltd is planning to soon file its draft papers for an initial public offering (IPO) with markets regulator Securities and Exchange Board of India (Sebi), two people aware of the development said.

P.N. Gadgil & Sons currently has 25 stores across Maharashtra, Gujarat and Karnataka. Before it was incorporated as an unlisted public company on 6 November 2017, P.N. Gadgil & Sons operated as a partnership firm. Its current promoters are Govind Vishwanath Gadgil and Renu Govind Gadgil.

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